KRONES AG (KRN.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:KRN - DE0006335003 - Common Stock
141.8 EUR
-0.2 (-0.14%)
We assign a fundamental rating of 6 out of 10 to KRN. KRN was compared to 111 industry peers in the Machinery industry. KRN has an excellent profitability rating, but there are some minor concerns on its financial health. KRN is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
- In the past year KRN was profitable.
- In the past year KRN had a positive cash flow from operations.
- KRN had positive earnings in 4 of the past 5 years.
- Each year in the past 5 years KRN had a positive operating cash flow.
1.2 Ratios
- KRN has a better Return On Assets (6.01%) than 72.97% of its industry peers.
- KRN has a Return On Equity of 14.28%. This is in the better half of the industry: KRN outperforms 74.77% of its industry peers.
- KRN's Return On Invested Capital of 11.63% is amongst the best of the industry. KRN outperforms 83.78% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for KRN is in line with the industry average of 9.21%.
- The 3 year average ROIC (10.37%) for KRN is below the current ROIC(11.63%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.01% | ||
| ROE | 14.28% | ||
| ROIC | 11.63% |
ROA(3y)5.11%
ROA(5y)3.35%
ROE(3y)13.07%
ROE(5y)8.54%
ROIC(3y)10.37%
ROIC(5y)N/A
1.3 Margins
- Looking at the Profit Margin, with a value of 5.24%, KRN is in the better half of the industry, outperforming 60.36% of the companies in the same industry.
- In the last couple of years the Profit Margin of KRN has grown nicely.
- KRN's Operating Margin of 7.19% is in line compared to the rest of the industry. KRN outperforms 55.86% of its industry peers.
- KRN's Operating Margin has improved in the last couple of years.
- KRN's Gross Margin of 53.35% is fine compared to the rest of the industry. KRN outperforms 69.37% of its industry peers.
- KRN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.19% | ||
| PM (TTM) | 5.24% | ||
| GM | 53.35% |
OM growth 3Y13.3%
OM growth 5Y31.4%
PM growth 3Y10.38%
PM growth 5Y85.26%
GM growth 3Y0.06%
GM growth 5Y0.84%
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), KRN is creating some value.
- Compared to 1 year ago, KRN has about the same amount of shares outstanding.
- KRN has about the same amout of shares outstanding than it did 5 years ago.
- The debt/assets ratio for KRN has been reduced compared to a year ago.
2.2 Solvency
- KRN has a debt to FCF ratio of 0.01. This is a very positive value and a sign of high solvency as it would only need 0.01 years to pay back of all of its debts.
- KRN's Debt to FCF ratio of 0.01 is amongst the best of the industry. KRN outperforms 100.00% of its industry peers.
- KRN has a Debt/Equity ratio of 0.00. This is a healthy value indicating a solid balance between debt and equity.
- KRN has a better Debt to Equity ratio (0.00) than 98.20% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.01 | ||
| Altman-Z | N/A |
ROIC/WACC1.59
WACC7.33%
2.3 Liquidity
- A Current Ratio of 1.39 indicates that KRN should not have too much problems paying its short term obligations.
- KRN's Current ratio of 1.39 is in line compared to the rest of the industry. KRN outperforms 42.34% of its industry peers.
- A Quick Ratio of 1.10 indicates that KRN should not have too much problems paying its short term obligations.
- KRN's Quick ratio of 1.10 is fine compared to the rest of the industry. KRN outperforms 60.36% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.39 | ||
| Quick Ratio | 1.1 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an nice 16.20% over the past year.
- The Earnings Per Share has been growing by 96.42% on average over the past years. This is a very strong growth
- The Revenue has grown by 8.15% in the past year. This is quite good.
- KRN shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.98% yearly.
EPS 1Y (TTM)16.2%
EPS 3Y25.19%
EPS 5Y96.42%
EPS Q2Q%3.37%
Revenue 1Y (TTM)8.15%
Revenue growth 3Y13.35%
Revenue growth 5Y5.98%
Sales Q2Q%4.72%
3.2 Future
- The Earnings Per Share is expected to grow by 9.52% on average over the next years. This is quite good.
- Based on estimates for the next years, KRN will show a small growth in Revenue. The Revenue will grow by 5.97% on average per year.
EPS Next Y13.97%
EPS Next 2Y12.21%
EPS Next 3Y12.56%
EPS Next 5Y9.52%
Revenue Next Year7.23%
Revenue Next 2Y6.11%
Revenue Next 3Y6.12%
Revenue Next 5Y5.97%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 15.45, KRN is valued correctly.
- KRN's Price/Earnings ratio is a bit cheaper when compared to the industry. KRN is cheaper than 79.28% of the companies in the same industry.
- KRN is valuated rather cheaply when we compare the Price/Earnings ratio to 28.87, which is the current average of the S&P500 Index.
- With a Price/Forward Earnings ratio of 12.84, KRN is valued correctly.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of KRN indicates a somewhat cheap valuation: KRN is cheaper than 67.57% of the companies listed in the same industry.
- KRN's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.96.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.45 | ||
| Fwd PE | 12.84 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, KRN is valued a bit cheaper than the industry average as 70.27% of the companies are valued more expensively.
- The rest of the industry has a similar Price/Free Cash Flow ratio as KRN.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.84 | ||
| EV/EBITDA | 7.15 |
4.3 Compensation for Growth
- The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
- KRN has a very decent profitability rating, which may justify a higher PE ratio.
- A more expensive valuation may be justified as KRN's earnings are expected to grow with 12.56% in the coming years.
PEG (NY)1.11
PEG (5Y)0.16
EPS Next 2Y12.21%
EPS Next 3Y12.56%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 1.87%, KRN has a reasonable but not impressive dividend return.
- KRN's Dividend Yield is a higher than the industry average which is at 1.48.
- KRN's Dividend Yield is comparable with the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.87% |
5.2 History
- The dividend of KRN has a limited annual growth rate of 5.29%.
Dividend Growth(5Y)5.29%
Div Incr Years1
Div Non Decr Years4
5.3 Sustainability
- 28.35% of the earnings are spent on dividend by KRN. This is a low number and sustainable payout ratio.
- KRN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP28.35%
EPS Next 2Y12.21%
EPS Next 3Y12.56%
KRONES AG / KRN.DE FAQ
What is the ChartMill fundamental rating of KRONES AG (KRN.DE) stock?
ChartMill assigns a fundamental rating of 6 / 10 to KRN.DE.
What is the valuation status for KRN stock?
ChartMill assigns a valuation rating of 5 / 10 to KRONES AG (KRN.DE). This can be considered as Fairly Valued.
What is the profitability of KRN stock?
KRONES AG (KRN.DE) has a profitability rating of 7 / 10.
Can you provide the PE and PB ratios for KRN stock?
The Price/Earnings (PE) ratio for KRONES AG (KRN.DE) is 15.45 and the Price/Book (PB) ratio is 2.21.
What is the financial health of KRONES AG (KRN.DE) stock?
The financial health rating of KRONES AG (KRN.DE) is 6 / 10.